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- MasterControl
MasterControl Revenue, Valuation, Funding & Investors
MasterControl is valued at $1.3B as of December 2022, a 13.0x multiple on its last reported $100M revenue.
Last MasterControl valuation
$1.3B
Series A · Dec 2022
Last MasterControl funding round
$150M
Series A · Dec 2022
MasterControl revenue
$100M
Series A · Dec 2022
Key investors in MasterControl
Sixth Street
About MasterControl
MasterControl is a Salt Lake City-headquartered provider of cloud-based quality management and manufacturing execution software for life sciences companies regulated by FDA and EMA. The platform automates document control, CAPA, audit management, training tracking, and electronic batch records to ensure GMP compliance. MasterControl serves pharmaceutical, biotech, and medical device firms with integrations to ERP systems like SAP.
Founded
1993
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Dec 2022)
Valuation
$1.3B (Dec 2022)
MasterControl Valuation
MasterControl is currently valued at $1.3B, based on its Series A in December 2022.
The $150M round was led by Sixth Street.
MasterControl valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Series A | $1.3B | 13.0x |
MasterControl Revenue
MasterControl's latest recorded revenue is $100M, as of its Series A in December 2022. At a $1.3B valuation, that implies a 13.0x revenue multiple.
MasterControl revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $100M | $1.3B | 13.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
MasterControl Funding History
MasterControl has raised a total of $150M across 1 funding round.
MasterControl funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Series A | Sixth Street (lead) | $150M | $1.3B | MasterControl, a Salt Lake City-based provider of cloud-based quality and manufacturing software solutions for life sciences and regulated industries, announced its first-ever funding round on December 15, 2022: a $150 million Series A led by Sixth Street Growth at a $1.3 billion valuation. The company, founded in 1993, had bootstrapped profitably for nearly 30 years, serving over 1,100 customers worldwide including Pfizer, Thermo Fisher Scientific, and Cochlear, with 50 of the top pharma and medical device firms among them. Prior to the investment, MasterControl achieved more than $100 million in ARR with over 25% year-over-year growth, and 2022 sales projected between $120 million and $140 million. It expanded into the $17 billion manufacturing execution system (MES) market via its 2019 Manufacturing Excellence launch, attracting over 100 new MES customers and more than 100% annual sales growth in that segment. The proceeds fund acceleration of SaaS development, including AI, machine learning, and natural language processing to predict/prevent quality events and optimize manufacturing, reducing compliance costs and speeding life-changing products to market. William Blair advised Sixth Street on the deal. MasterControl positions itself to address inefficiencies in quality and manufacturing amid supply chain challenges from COVID-19 and economic pressures, targeting a total addressable market over $10 billion. |
Who has invested in MasterControl?
1 investor has backed MasterControl across its funding rounds, including Sixth Street.
Lead investors include Sixth Street.
MasterControl Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 MasterControl investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by MasterControl
MasterControl has acquired 1 company to date.
Last acquisition by MasterControl was on March 3rd 2025. MasterControl acquired Qualer for undisclosed valuation.
Latest Acquisitions by MasterControl
| Description | Qualer is a cloud-based asset management platform designed for laboratories and ISO-certified facilities. The software tracks calibration, maintenance, and compliance records for equipment such as pipettes, balances, and environmental chambers. Qualer integrates with LIMS systems and offers mobile scanning for inventory audits. Headquartered in the United States, it serves pharmaceutical, biotech, and testing labs worldwide to ensure regulatory adherence under ISO 17025 and GLP standards. |
| HQ Country | |
| HQ City | San Diego, CA |
| Deal Date | 3 Mar 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MasterControl acquisitions and their M&A valuation multiples. Start Free Trial | |
MasterControl Competitors
MasterControl competitors include listed companies like Roper Technologies and Claritev, and private ones like AgentSync, Wheel, Huma.AI and Axtria.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.9B | $3.2B | $37B | 5.7x | ||
| Private | $11M | - | $1.2B | 109.1x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $965M | $466M | $538M | 5.2x |
MasterControl Public Comps
MasterControl is still privately-owned, but its public comps include EverCommerce, U.S. Physical Therapy, Digiwin, Indegene, Omnicell, Freee, PHC Holdings, Vitec Software, iFLYHealth and HealthStream.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $363M | $48M | 4.0x | 3.8x | 30.1x | 23.6x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
This data is available for Pro users. Sign up to see all MasterControl competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MasterControl
| When was MasterControl founded? | MasterControl was founded in 1993. |
| Where is MasterControl headquartered? | MasterControl is headquartered in Salt Lake City, UT, United States. |
| Is MasterControl publicly listed? | No, MasterControl is a private, VC-backed company. |
| What is MasterControl's valuation? | MasterControl was last valued at $1.3B in its Series A in December 2022. |
| How much funding has MasterControl raised? | MasterControl has raised $150M across 1 funding round. |
| What was MasterControl's last funding round? | MasterControl's last funding round was a $150M Series A in December 2022, led by Sixth Street. |
| Who are MasterControl's investors? | MasterControl's investors include Sixth Street. |
| What is MasterControl's revenue? | MasterControl's latest recorded revenue is $100M (December 2022). |
| What is MasterControl's revenue multiple? | MasterControl's latest valuation implies a 13.0x revenue multiple ($1.3B valuation on $100M of revenue). |
| Which companies are comparable to MasterControl? | Companies comparable to MasterControl include Roper Technologies, AgentSync, Wheel, Huma.AI, Axtria and Claritev. |
| How many companies has MasterControl acquired? | MasterControl has acquired 1 company, including Qualer. |
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